News Room - Steel Industry

Posted on 06 Jan 2009

SMC signs 122b dong steel supply contract (Vietnam)

SMC Investment and Trading Joint Stock Co recently signed the over 122.5 billion dong contract for supplying 11,000 tonnes of steel to The Vista construction.

 

The Vista project invested by CapitaLand Vietnam, Phu Gia Investment JSC and Thien Duc Trading Construction Co includes 750 modern apartments covering a total area of 23,000 square metres in An Phu Ward, HCM City's Dist 2. Work on The Vista is expected to finish by 2011.

 

CapitaLand plans to build extra 2,800 apartments in HCM City in future.

 

Nguyen Ngoc Anh, general director of SMC reported gaining after-tax profit of over 67 billion dong during the first 11 months of 2008, achieving 134% of 2008's target.